Starting November 1, 2015, Manufacturers Life Insurance Co.
(Manulife) will be the new Credit Redemption Insurance (CRI)
Provider of AFPSLAI. With the new CRI Provider, member-
borrowers availing of consumption loans (Salary, Emergency, Multi-
Purpose, Personal and PVAO Pension Loans) can now enjoy lower
The CRI is a special form of insurance under which the lives of the borrowers who have loans with AFPSLAI are insured. In the event of death of an insured borrower, the Insurance Company (Manulife) will pay the AFPSLAI the amount equivalent to the programmed loan balance of said borrower, assuming that all installments are paid on their due dates.